Fermatone company produced the folowing tial batance as at 30 dune 2021. Additional information: - Revaluation of land \& building on 1 July 2020 resulted in increase of $3,240,000 in the land and $972,000 in the building. This is has not yet been recorded in the books. - Depreciation: Plant \& equipment are depreciated at 10% using reducing balance method. - Intangible assets are Written down by $540,000 - Building have an estimated life of 30 years from the date of revaluation - 150,000 shares were issued and recorded on July 2020 for 80 cent each - The business has been told by its lawyers that it is likely to have to pay $5,700 damages for products that failed. - Dividends of 5 cent per share has been declared on 30 June 2021